Section 1 Short title
This Act may be cited as the “Promoting Responsive Inclusion and Diverse Engagement Act of 2022” or the “PRIDE Act of 2022”.
Promoting Responsive Inclusion and Diverse Engagement Act of 2022
A BILL
To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to expand the Offices of Minority and Women Inclusion to encompass LGBTQ+ inclusion, and for other purposes.
Sec. 2 Expanding the Offices of Minority and Women Inclusion to encompass LGBTQ+ inclusion
In general— Section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5452) is amended—
in the heading, by striking “AND WOMEN” and inserting “, WOMEN, AND LGBTQ+”;
by striking “Office of Minority and Women Inclusion” each place such term appears in heading or text and inserting “Office of Minority, Women, and LGBTQ+ Inclusion”;
by striking “and women-owned” each place such term appears and inserting “, women-owned, and LGBTQ+-owned”;
in subsection (b)(2)(A), by striking “and gender” and inserting “gender, gender identity, and sexual orientation”;
in subsection (c)—
in paragraph (1), by inserting “LGBTQ+,” after “women,”;
in paragraph (2), by striking “and minorities” and inserting “, minorities, and LGBTQ+ individuals”; and
in paragraph (3)(A), by striking “and women” and inserting “, women, and LGBTQ+ individuals”;
in subsection (e)—
in paragraph (3), by striking “and women” and inserting “, women, and LGBTQ+”; and
in paragraph (4), by striking “and women” and inserting “, women, and LGBTQ+ individuals”;
in subsection (f), by striking “and women” each place such term appears and inserting “, women, and LGBTQ+ individuals”; and
in subsection (g), by adding at the end the following:
“(7) LGBTQ+—The term “LGBTQ+” means lesbian, gay, bisexual, transgender, queer, and other identities that experience discrimination related to their sexual orientation or gender identity.
“(8) LGBTQ+-owned business—The term “LGBTQ+-owned business” means a business—
“(A) more than 50 percent of the ownership or control of which is held by 1 or more LGBTQ+ individuals; and
“(B) more than 50 percent of the net profit or loss of which accrues to 1 or more LGBTQ+ individuals.”
Conforming amendments—
Dodd-Frank Wall Street Reform and Consumer Protection Act— The Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5301 et seq.) is amended—
in the table of contents in section 1(b), in the item relating to section 342, by striking “AND WOMEN” and inserting “, WOMEN, AND LGBTQ+”; and
in section 1016(c)(9), by striking “Office of Minority and Women Inclusion” and inserting “Office of Minority, Women, and LGBTQ+ Inclusion”.
Housing and Community Development Act of 1992— Section 1319A of the Housing and Community Development Act of 1992 (12 U.S.C. 4520) is amended—
by striking “Office of Minority and Women Inclusion” each place such term appears in heading or text and inserting “Office of Minority, Women, and LGBTQ+ Inclusion”;
in subsection (b), by striking “and women, and minority- and women-owned” and inserting “, women, and LGBTQ+ individuals, and minority-, women-, and LGBTQ+-owned”;
in subsection (e), by striking “and women and businesses owned by minorities and women” and inserting “, women, and LGBTQ+ individuals and businesses owned by minorities, women, and LGBTQ+ individuals”; and
in subsection (f)—
in paragraph (2), by striking “and people of color” and inserting “, people of color, and LGBTQ+ individuals”; and
in paragraph (3), by striking “and women to place talented young minorities and women” and inserting “, women, and LGBTQ+ individuals to place talented young minorities, women, and LGBTQ+ individuals”.